2204 W Slauson, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath
ACTIVE$4,250,000$6,050/sqft
2204 W Slauson, Los Angeles, California 90043
0Bed
0Bath
6,050Sqft
11,206Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Property Age: Built in 1981, the property is over 40 years old, which may necessitate future capital expenditures for system upgrades or modernization to maintain competitiveness and tenant appeal.
Compared to the nearby listings
Price:$4.25M vs avg $2.81M (+$1,437,500)50%
Size:6,050 sqft vs avg 5,280 sqft50%
Price/sqft:$702 vs avg $50450%
More Insights
Built in 1981 (45 years old).
Condition: The property was built in 1981, making it 43 years old. The listing description explicitly notes a 'lack of specific details regarding the current physical condition of the units or recent capital improvements, which could imply future renovation costs for rental optimization.' This strongly suggests that the interiors, including kitchens and bathrooms, are likely dated and have not undergone significant recent renovations. While the exterior appears maintained from the aerial images, the absence of interior photos and the age of the building without documented updates place it in the 'fair' category, indicating it is aged but maintained, with major components functional but showing signs of being outdated, requiring minor updates or repairs for 'rental optimization'.
Year Built
1981
Close
-
List price
$4.25M
Original List price
$4.25M
Price/Sqft
$702
HOA
-
Days on market
-
Sold On
-
MLS number
SB26003299
Home ConditionFair
Features
Good View:
View-
About this home
Offered at an attractive basis of approximately $265,000 per unit, 2204 Slauson Avenue presents a compelling 16-unit multifamily investment opportunity in South Los Angeles. The property features a well-balanced unit mix of (6) Studio units and (10) One-Bedroom/One-Bathroom units, providing broad tenant appeal and consistent demand. Current in-place income delivers a strong 5.73% CAP rate and 11.24 GRM, offering immediate cash flow with room for future growth. The asset also presents meaningful upside potential, with projected market performance reaching a 6.36% CAP rate and 10.27 market GRM through rental optimization. This combination of stable existing income and value-add opportunity positions the property well for both long-term hold and yield-focused investors. Located in the Van Ness neighborhood of South Los Angeles, west of South Central and northeast of Inglewood, the property benefits from a central infill location with proximity to major employment centers, transportation corridors, and continued investment activity throughout the surrounding submarkets. 2204 Slauson Avenue offers investors a rare opportunity to acquire scale, cash flow, and upside at a compelling cost basis in a supply-constrained rental market.
B
Brett Lyon
Listing Agent
Nearby schools
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.5mi
2/10
Yes Academy
Public,•K-5•0.8mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.1mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.2mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.5mi
4/10
Centinela Elementary School
Public,•K-6•1.8mi
3/10
Windsor Hills Math Science
Public,•K-5•2.2mi
1/10
Horace Mann Junior High School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
2/10
Audubon Middle School
Public,•6-8•1.6mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.3mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.3mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.9mi
2/10
Inglewood High School
Public,•9-12•2.9mi
2/10
George Washington Preparatory High School
Public,•9-12•3.6mi
9/10
Middle College High School
Public,•9-12•5.8mi
Price History
Date
Event
Price
04/16/21
Sold
$2,170,000
09/11/19
Sold
$1,600,000
Condition Rating
Fair
The property was built in 1981, making it 43 years old. The listing description explicitly notes a 'lack of specific details regarding the current physical condition of the units or recent capital improvements, which could imply future renovation costs for rental optimization.' This strongly suggests that the interiors, including kitchens and bathrooms, are likely dated and have not undergone significant recent renovations. While the exterior appears maintained from the aerial images, the absence of interior photos and the age of the building without documented updates place it in the 'fair' category, indicating it is aged but maintained, with major components functional but showing signs of being outdated, requiring minor updates or repairs for 'rental optimization'.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Attractive Cost Basis: The property is offered at a compelling cost basis of approximately $265,000 per unit, providing an accessible entry point for investors to acquire scale in a supply-constrained market.
Strong Current Cash Flow: It delivers immediate cash flow with a strong in-place CAP rate of 5.73% and an 11.24 GRM, indicating solid current returns on investment.
Significant Upside Potential: The asset presents meaningful upside potential, with projected market performance reaching a 6.36% CAP rate and 10.27 market GRM through rental optimization strategies.
Broad Tenant Appeal: The well-balanced unit mix of (6) Studio units and (10) One-Bedroom/One-Bathroom units caters to a wide range of tenants, ensuring consistent demand.
Strategic Infill Location: Located in the Van Ness neighborhood of South Los Angeles, it benefits from a central infill location with proximity to major employment centers, transportation, and ongoing investment activity.
Cons
Property Age: Built in 1981, the property is over 40 years old, which may necessitate future capital expenditures for system upgrades or modernization to maintain competitiveness and tenant appeal.
Neighborhood Perception: While strategically located, the 'South Los Angeles' designation can sometimes carry a negative perception for certain investors or tenants, potentially influencing long-term market demand or appreciation.
Limited Condition Details: The description focuses heavily on financial metrics and location, but lacks specific details regarding the current physical condition of the units or recent capital improvements, which could imply future renovation costs for rental optimization.